Last updated: 2024 BLS data · Page refreshed:
Minneapolis has a population of 427,246 with a median age of 33.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 427,246 |
| Median Age | 33.4 |
| White | 60.3% |
| Black or African American | 18.8% |
| Asian | 5.3% |
| Hispanic or Latino | 10.1% |
| Other / Two or More Races | 5.5% |
The median household income in Minneapolis is $80,846, which is 0.3% above the national median of $80,610. The per capita income is $52,692. The poverty rate is 16.0%.
The unemployment rate in Minneapolis is 2.8%, compared to the national rate of 4.1%.
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In Minneapolis, 91.5% of residents age 25+ have a high school diploma or higher, and 55.5% hold a bachelor's degree or higher (22.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.5% |
| Bachelor's Degree or Higher | 55.5% |
| Graduate or Professional Degree | 22.2% |
The median home value in Minneapolis is $362,200, above the national median of $303,400. The median monthly rent is $1,371. The homeownership rate is 47.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $362,200 |
| Median Monthly Rent | $1,371 |
| Homeownership Rate | 47.7% |
| Vacancy Rate | 7.8% |
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